STR: Canada Hotel Results For Week Ending 11 July

HENDERSONVILLE, Tennessee – STR data for 5-11 July 2020 shows a continued steady rise in Canadian hotel performance but the same significant level of year-over-year declines.

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In comparison with the week of 7-13 July 2019, the industry reported the following:

  • Occupancy: -59.2% to 31.2%
  • Average daily rate (ADR): -33.7% to CAD122.08
  • Revenue per available room (RevPAR): -72.9% to CAD38.10

Three provinces reached a 30% occupancy level: British Columbia (40.7%), Manitoba (36.1%) and Saskatchewan (32.7%). Vancouver (31.0%) was the only major market at or above that mark.

The lowest occupancy among provinces was reported in Prince Edward Island (23.2%). At the market level, the lowest occupancy was seen in Montreal (17.1%).

About STR

STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

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